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Ch. 1, Sect. 2: "Trade-Offs"

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Across
1
goods created for direct consumption
4
amount a buyer pays
7
additional
8
represent military spending
10
occurs when the products being produced are the ones most desired by society
13
to hold other variables constant
15
making decisions based on increments
Down
2
value of the next best alternative that is given up when making a choice
3
goods created for indirect consumption
5
occurs when products are being produced in the least costly way
6
money spent by businesses to improve their production
9
exchanging one thing for the use of another
11
represents domestic spending
12
model that shows alternative ways that an economy can use its scarce resources
14
amount the seller pays to produce a good